New Providence, NJ
Population 13,577 · New Jersey
About New Providence, NJ
New Providence is a mid-sized city located in New Jersey with a population of 13,577 residents according to the latest US Census Bureau American Community Survey data. The median household income is $162,877 per year, which is 117% above the national median of $75,149. The median age of 44.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Providence features a median home value of $734,300, which is 200% above the national median of $244,900. This places New Providence in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,906, 64% above the national average of $1,163/month. Of the 5,500 total housing units, 76% are owner-occupied (3,932 units) and 24% are renter-occupied (1,269 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Providence shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Providence have an average one-way commute time of 34.2 minutes.
Education & Demographics
66.6% of New Providence residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.5% White, 2.5% Hispanic or Latino, 0.6% Black or African American, and 5.7% Asian residents, with 22.1% of the population being foreign-born.
Cost of Living in New Providence, NJ
Compared to national averages, New Providence has a median household income of $162,877 (117% above the national median of $75,149). Home values average $734,300, which is 200% above the national median. Monthly rent at $1,906 is 64% above the US average of $1,163. Within New Jersey, New Providence's income is 41% above the state average of $115,667, and home values are 56% above the state median of $469,644.
Why Live in New Providence, NJ?
New Providence offers a strong local economy with a median household income of $162,877, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 66.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $734,300. However, New Providence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Providence has a population of 13,577 with a median age of 44.7 years. Compare New Providence with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near New Providence
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Echelon | 13,577 | $81,808 | $288,000 | Compare |
| Eatontown | 13,537 | $90,174 | $454,300 | Compare |
| Mercerville | 13,693 | $125,678 | $330,500 | Compare |
| Franklin Park | 13,327 | $111,508 | $326,800 | Compare |
| Westmont | 13,870 | $111,589 | $374,300 | Compare |
| Woodland Park | 13,284 | $85,638 | $475,400 | Compare |
| Roselle Park | 13,965 | $104,418 | $405,800 | Compare |
| Ridgefield Park | 13,167 | $98,184 | $459,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Providence With Other Cities
Frequently Asked Questions about New Providence
What is the population of New Providence, NJ?
The population of New Providence, NJ is 13,577 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in New Providence?
The median household income in New Providence, NJ is $162,877 per year, which is 117% above the national median of $75,149.
What is the median home value in New Providence?
The median home value in New Providence, NJ is $734,300, which is 200% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Providence?
The median monthly rent in New Providence, NJ is $1,906, which is 64% above the national average of $1,163/month.
What is the unemployment rate in New Providence?
The unemployment rate in New Providence, NJ is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Providence, NJ a good place to live?
New Providence offers above-average incomes, a competitive housing market, and a strong job market. With a population of 13,577 and a median age of 44.7, the city appeals to a broad range of residents.
How educated is New Providence, NJ?
66.6% of residents in New Providence aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Providence?
Key cost-of-living indicators for New Providence, NJ: median home value is $734,300 (200% above national), median rent is $1,906/month, and median household income is $162,877. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in New Providence?
The poverty rate in New Providence, NJ is 2.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Providence, NJ?
New Providence's population is 0.5% White, 2.5% Hispanic or Latino, 0.6% Black or African American, 5.7% Asian, and 1.5% two or more races. 22.1% of residents are foreign-born.